Tag Archives: Economic

Thousands of car finance payments could be hit by economic downturn, analysts warn

Thousands of drivers would be unable to keep up their car payments in the event of an economic downturn, analysts have warned, prompting concerns about a mis-selling scandal. With nearly 90 per cent of new cars sold using finance deals, the majority of which means the owner effectively leases their vehicle for three or four years instead of buying outright, ... Read More »

Steel stimulus drive China’s strongest economic growth since 2015

China’s economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 percent was the fastest in six quarters, with forecast-beating March investment, retail sales and exports all suggesting the economy may carry solid momentum into spring. But ... Read More »

Euro zone economic growth slows in second quarter as estimated

Economic growth in the euro zone slowed in the second quarter, after a strong reading in the first three months of the year, estimates released by the European Union’s statistics agency showed on Friday. Eurostat said gross domestic product (GDP) in the 19-country currency bloc in the second quarter increased 0.3 percent on the quarter and 1.6 percent year-on-year, confirming ... Read More »

Inventory reduction curbs U.S. economic growth; rebound expected

U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending.     Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first quarter, the Commerce Department said on Friday. ... Read More »

Refugees hold key to German economic growth, IMF says

The International Monetary Fund has urged Germany to do more to help find work for the hundreds of thousands of refugees in the country, saying such moves would help counter the effects of an ageing population. The country should also make the most of low borrowing costs to bolster spending on infrastructure, the IMF said in its annual assessment of ... Read More »

Former Goldman Sachs president says our economic situation ‘will end in tears’

Taking the long view is one of those easier-said-than-done propositions, right? For instance, while you might think that the economy has pretty much recovered from the Great Recession of 2008, one prominent financier thinks the problems that caused that big meltdown have been papered over and will come back to hurt us again. And then there’s the little issue of ... Read More »

‘No end in sight’ for global economic misery, warns World Bank

The global growth slowdown has no end in sight as policymakers drag their heels on reforms and a “robot revolution” threatens living standards, the World Bank’s chief economist has warned. Ahead of the International Monetary Fund and World Bank Spring meetings this week, Kaushik Basu said he expected the global economy to expand by just 2.5pc this year. Annual world ... Read More »

Economic data could put U.S. stocks back on higher path

The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest rate hikes, yet not weak enough to cause concern about a recession. Data on Friday, a market holiday, showed the ... Read More »

UK consumers least confident in over a year on economic uncertainties

British consumer morale fell to its lowest in over a year in February as concerns over the economic outlook hurt sentiment, a survey showed on Friday. Market research firm GfK said its overall consumer sentiment indicator fell to 0 in February from +4 in January – its lowest since December 2014. Britain’s economy leaned heavily on consumer spending drive its ... Read More »

The Guardian view on the Irish election: economic pain for no political gain

The voters don’t do gratitude, self-pitying politicians are wont to moan. For technocratic admirers of Dublin’s outgoing Fine Gael/Labour coalition, the Irish election of 2016 has proved the point. In 2011, a near-bankrupt and recently bailed-out republic turned to Enda Kenny as a new broom, and his government enjoyed a record majority. Five years on, the economy is growing at ... Read More »